Compagnie Générale des Établissements Michelin (MGDDY)
| Previous close | 20.18 |
| Open | 19.62 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 19.57 - 19.63 |
| 52-week range | 14.03 - 20.30 |
| Volume | |
| Avg. volume | 136,029 |
| Market cap | 17.484B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 8.77 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- GuruFocus.com
Michelin's Dividend Analysis
Michelin (MGDDY) recently announced a dividend of $0.73 per share, payable on 2024-06-10, with the ex-dividend date set for 2024-05-20. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Michelin's dividend performance and assess its sustainability.
- Reuters
Michelin's first-quarter sales fall on weak volumes
Michelin CFO Yves Chapot said that the group's worldwide production capacity for truck tyres would be reduced by 15%, following the planned conversion to passenger tyre manufacturing of its Shenyang site in China and Olsztyn plant in Poland, adding to the shutdown of two German facilities announced late 2023. "Michelin's priority is to support people during these transitions," the group said. The shutdown of truck tyre production in Olsztyn will have no impact on jobs, a Michelin spokesperson told Reuters.
- Simply Wall St.
3 French Dividend Stocks With Yields Up To 8.6%
Amid a backdrop of mixed performances across major European stock indices, with France's CAC 40 showing relative stability in an otherwise fluctuating market environment, investors might find reassurance in dividend stocks. These stocks can offer potential income stability and are particularly appealing during times when market volatility underscores the value of predictable returns.
